October 2023 — Question 53

Appraise the total transaction value for the We Are Toys shipment described below. Foreign shipper sells the Lords of Riverbank board game and other board games to U.S.- based game product wholesalers and retailers. The price per unit to the wholesalers is the foreign shipper's suggested retail price in the U.S. discounted by 70 percent (70%). The price per unit to retailers is the foreign shipper's suggested retail price in the U.S. discounted by 50 percent (50%). All other terms are the same for both wholesalers and retailers. The foreign shipper's suggested retail price in the U.S. for the Lords of Riverbank is $80.00. The foreign shipper sells the Lords of Riverbank board game and similar board games to wholesalers in the U.S. on a continuous basis. We Are Toys is a U.S. retailer and purchases 50 copies of Lords of Riverbank, packed, ready for shipment with no selling commission, assist, royalty fee or license fee.

• A$24.00
• B$40.00
• C$1,200.00
• D$2,000.00✓ CBP's answer